Article

Industry Concentration, Syndication Networks, and Competition in the U.K. Private Equity Market for Management Buyouts

Miguel Meuleman and Mike Wright

in The Oxford Handbook of Private Equity

Published in print March 2012 | ISBN: 9780195391589
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195391589.013.0009

Series: Oxford Handbooks

Industry Concentration, Syndication Networks, and Competition in the U.K. Private Equity Market for Management Buyouts

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This article considers industry concentration, syndication networks, and competition in the U.K. private equity market for management buyouts. It provides empirical evidence of the effect of industry market structures on syndicate relationships. This article also studies interfirm cooperation through syndication in the private equity market and determines if this decreases the extent of competition and subsequently affects the prices private equity firms are willing to pay to get buyout targets.

Keywords: industry concentration; syndication networks; competition; UK; private equity market; management buyouts; interfirm cooperation

Article.  9510 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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